Transaction in Own Shares
Shell (SHEL) purchased shares for cancellation on 30 December 2025 as part of its ongoing buy-back programme announced 30 October 2025.
Sentiment and the balance of points
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Rhea-AI Summary
Shell (SHEL) purchased shares for cancellation on 30 December 2025 as part of its ongoing buy-back programme announced 30 October 2025. Purchases by trading venue included 931,618 shares on LSE at a VWAP of £27.3075 and 932,279 shares on XAMS at a VWAP of €31.3647, totalling 1,863,897 shares cancelled.
Merrill Lynch International is executing the programme independently for the period 30 October 2025–30 January 2026. The programme is conducted under Chapter 9 UK Listing Rules and EU/UK MAR rules.
Positive
- 1,863,897 shares purchased and cancelled on 30 December 2025
- LSE VWAP £27.3075 and XAMS VWAP €31.3647 recorded
- Buy-back executed under existing programme through 30 January 2026
Negative
- None.
Details
News Market Reaction – SHEL
On Dec 30, the day this news came out, SHEL closed 0.97% above the previous close.
Data tracked by StockTitan Argus for the Dec 30 session.
Key Figures
- Shares repurchased LSE
- 931,618 shares
- 30/12/2025 LSE buy-back for cancellation
- VWAP LSE
- GBP 27.3075
- 30/12/2025 volume weighted average price per share
- Price range LSE
- GBP 27.4050–27.0900
- Highest and lowest prices paid 30/12/2025
- Shares repurchased XAMS
- 932,279 shares
- 30/12/2025 XAMS buy-back for cancellation
- VWAP XAMS
- EUR 31.3647
- 30/12/2025 volume weighted average price per share
- Price range XAMS
- EUR 31.4600–31.1850
- Highest and lowest prices paid 30/12/2025
- Programme window
- 30 Oct 2025–30 Jan 2026
- Period where Merrill Lynch trades independently
Historical Context
-
Disclosure of 24 Dec buy-back trades on LSE and XAMS for cancellation.
-
Dividend share acquisitions by senior management across multiple venues.
-
1.46M shares bought back and cancelled across LSE and XAMS.
-
1.46M shares repurchased under ongoing October 2025 programme.
-
1.97M shares bought back for cancellation on 19 Dec 2025.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
on- and off-market financial
UK Listing Rules regulatory
EU MAR regulatory
UK MAR regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Transaction in Own Shares
30 December, 2025
• • • • • • • • • • • • • • • •
Shell plc (the ‘Company’) announces that on 30 December, 2025 it purchased the following number of Shares for cancellation.
Aggregated information on Shares purchased according to trading venue:
| Date of purchase | Number of Shares purchased | Highest price paid | Lowest price paid | Volume weighted average price paid per share | Venue | Currency |
| 30/12/2025 | 931,618 | 27.4050 | 27.0900 | 27.3075 | LSE | GBP |
| 30/12/2025 | - | - | - | - | Chi-X (CXE) | GBP |
| 30/12/2025 | - | - | - | - | BATS (BXE) | GBP |
| 30/12/2025 | 932,279 | 31.4600 | 31.1850 | 31.3647 | XAMS | EUR |
| 30/12/2025 | - | - | - | - | CBOE DXE | EUR |
| 30/12/2025 | - | - | - | - | TQEX | EUR |
These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 30 October 2025.
In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 2026.
The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.
In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by Merrill Lynch International on behalf of the Company as a part of the buy-back programme is detailed below.
Enquiries
Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html
Attachment
FAQ
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